BMI View: We forecast continued economic growth in Tunisia over our forecast period. We believe that 2014 will be a better year for the Tunisian economy, and for the food and drink sector in particular, compared with the previous year. Despite the signing of a new constitution in February 2014, there remains a high level of political uncertainty within the country, which will continue to impact investment by both domestic and foreign companies. In addition, elevated inflation will prioritise non-discretionary purchases. As a result of the agreement between Tunisia and the International Monetary Fund on a Stand-By Arrangement (SBA), the country's fiscal and current account positions have improved. Although we are confident the signing of the SBA represents a broadly positive development for the macroeconomic outlook, we remain aware tensions could intensify and slow the pace of reform, as the violent protests in August 2013 in Egypt have demonstrated.